You’re Making A List (And Checking It Twice!): A Handy Financial Checklist For the New Year

We don’t need to remind anyone that 2020 has been volatile year, and we certainly don’t need to revisit it. Instead, let’s hope for optimism heading into 2021. But good things are much more likely to happen with a solid plan in place. With that in mind, there are several small, yet important, checklist items you and your family can address before we ring in 2021. Before you cheers to the New Year, take a moment to address these financial items:

  • Establish or revise a household budget
  • Build and maintain an emergency fund for 3-6 months of living expenses
  • Ensure all retirement accounts have properly named beneficiaries
  • Confirm your insurance coverage is adequate
  • Pay down any high-interest debts

You are more than welcome to add to our checklist. Starting the New Year with clear financial goals is not only smart, but will provide some much needed emotional optimism heading into 2021.

Multnomah Group is a registered investment adviser, registered with the Securities and Exchange Commission. Any information contained herein or on Multnomah Group’s website is provided for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Multnomah Group does not provide legal or tax advice.

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